CASH FOR CLUNKERS - REQUIREMNTS TO QUALIFY
|
1. Trade in a car that — this is a key point — has been registered and in use for at least a year, and has a federal combined city/highway fuel-economy rating of 18 or fewer miles per gallon. View Full List of Qualified Vehicles
2. Buy a new car, priced at $45,000 or less and rated at least 4 mpg better than the old one (gets a $3,500 voucher). If the new one gets at least 10 mpg better, you get the full $4,500.
Example: Trade that well-worn 1985 Chevrolet Impala V-8 police special, rated 14 mpg, for a 2009 Impala V-8 rated 19 mpg and the government will kick in $3,500. Downsize to Chevy Cobalt (27 mpg) or even a larger Honda Accord (24 mpg) and get $4,500.
Mileage ratings back to 1985 are atwww.fueleconomy.gov. |
| |
SUMMARY OF CASH FOR CLUNKERS FACT SHEET
 |
| |
Passenger Car |
Light Duty Truck |
Large light-duty truck
(6,000-8,500 lbs.) |
Work truck
(8,500-15,000 lbs.) |
Min. Fuel
Economy for
New Vehicle |
22 mpg* |
18 mpg* |
15 mpg* |
N/A |
$3,500
Voucher |
Mileage improvement
of at least
4 mpg |
Mileage improvement
of at least
2 mpg |
Mileage improvement
of at least
1 mpg or trade-in
of a work-truck. |
Pre-2002 Trade-In |
$4,500
Voucher |
Mileage improvement
of at least
10 mpg |
Mileage improvement
of at least
5 mpg |
Mileage improvement
of at least
2 mpg |
N/A |
Source: House Committee on Energy and Commerce
*(EPA combined) |
|
| |
| Example of Proposed Legislation |
If a consumer currently driving a 1995 Dodge Dakota with 100,000 miles and if it was in good condition, the car may be valued at $1,500. If the consumer decided to purchase a 2009 Hyundai Sonata, they could qualify for a $3,500 – $4,500 rebate.
|
| |
LIST OF CARS ELIGIBLE FOR CASH FOR CLUNKERS
|
(Cars must be in working order) |
| YEAR |
MAKE |
MODEL |
| 1996 |
Honda |
Passport |
| 1998 |
Chevrolet |
S-10 |
| 1999 |
Dodge |
Dakota |
| 2000 |
Ford |
Expedition |
| 2001 |
GMC |
Sierra 1500 |
| 2002 |
Jeep |
Grand Cherokee |
| View Full List Here |
|
|
|
|
